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What is the Cost of Waiting to Buy?

Ryan -Hi this is Ryan Peterson

Brian -And Brian Reed of The Ryan & Brian Real Estate Team and today we are going to discuss how waiting to buy at the end of 2018 rather than now can cost you thousands.

Ryan - First, let’s not forget that if you are looking to buy a home, click on the search all properties link. Or, if you are looking sell your home click on the value link and we will send you a free home valuation. Now on to our topic.

Brian –Over the course of the last 12 months, home prices have appreciated by 7.0% around the nation.In the McAllen-Edinburg-Mission MSA the median price has gone up about 5.9% over the last year and even higher in neighboring towns.During that same period, interest rates have remained historically low which has allowed many buyers to enter the market.

Ryan –As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.

Brian –The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 4.7% over the next 12 months.

Ryan –What Does This Mean as a Buyer?If home prices appreciate by 4.7% over the next twelve months, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:

Brian –By waiting, someone at this price point would be paying an roughly an additional $162 per month, $1,952 per year and $58,564 over 30 years.So bottom line, if you buying a home is in your plan for 2018, doing it sooner rather than later could save you thousands over the term of the loan.

Ryan –If you are ready to take the next step and want help finding your dream home call us today at 956-203-0044.We have an expert advisor ready to assist you with your home buying needs.We look forward to hearing from you.

Why work with us?

The Ryan & Brian Team of Expert Advisors is dedicated to making the purchase or sale of your next property as smooth as possible. Our unique team system is the secret to our success and allows Ryan & Brian to provide unparalleled service to our clients. Whether you are looking to buy or sell, we are here to help you.

At The Ryan & Brian Team of Expert Advisors, we take pride in our mission, culture, and core values. You have a dedicated group of professionals working for you SELLERS to get your property sold in the least amount of time and for the most amount of money and for you BUYERS to find your dream property in the least amount of time for the least amount of money. Our focus is to our clients and keeping them informed in every step of the real estate transaction.

We Guarantee you RESULTS in every aspect of your real estate transaction. Whether you are buying or selling your home, YOU come first! Our goal is to manage your expectations and go above and beyond to make your home sale or purchase the best experience. We understand that Real Estate is one of the top 5 largest investments in anyone's life, and we want to ensure our clients that you are taken care of from beginning to end!

What our clients have to say

"I highly recommend Ryan & Brian to help you sell your home! Within two weeks of putting up the sign, the house was under contract. They went out of their way to get a lender for the buyer and to take care of some details with boundaries that we had not anticipated. They always responded to my calls and concerns very promptly. The closing was so smooth! I would never known how to do all this on my own. Thank you to everyone on the Ryan & Brian time, including Kelli, always nice to deal with on the phone."

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"True Professionals!
I want to commend the Ryan & Brian Team for making the purchase of my first home a positive experience! They took the time to explain the process, showed me all the houses I wanted to see and guided me to right house for me and my new family. Thanks again!"

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Iris -"We had great results and they sold our house pretty quickly. They brought us someone who would help us fix up our house. Everything they told us to do, we followed it so there was no reason why the house wouldn’t sell. My husband and I were both very happy with the work they did for us!"